Japan Spent $4 Bln to Back Global LNG Infrastructure Push

Monday, October 22, 2018

The Japanese government along with private companies have spent $4 billion in the past year on liquefied natural gas (LNG) projects, mainly in Asia and across the supply chain, to help spur demand for the fuel, the country's trade minister said on Monday.

Hiroshige Seko, speaking at the annual LNG Producer-Consumer Conference in Nagoya, Japan, said Japan offered training to 200 people from 15 countries to develop a workforce to work in the LNG supply chain.

Seko announced a year ago that Japan would offer $10 billion to support projects jointly sponsored by private enterprise and the government to supply LNG or build LNG infrastructure in Asia and develop a workforce of 500 people for projects in gas producing and consuming countries.

The financing will go towards upstream, midstream and downstream LNG projects in developing countries in Asia and other countries to spur LNG demand.

The initiative came after Seko and U.S. Energy Secretary Rick Perry agreed in June 2017 that the two countries would work together to expand the LNG market in Asia.

The expansion of Asian LNG markets would create demand for rising U.S. LNG exports.


(Reporting by Osamu Tsukimori; Editing by Christian Schmollinger)

Categories: Finance Government Update Ports LNG

Related Stories

CNOOC Finds Oil and Gas in South China Sea

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

Fugro Lands Deepwater Gas Field Job in Southeast Asia

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

Current News

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com